Floyd Mayweather Jr. sues Showtime for $340 million over 'financial fraud' and fight earnings

Floyd Mayweather Jr., 1 of history’s astir palmy nonrecreational boxers, is suing Showtime and a erstwhile enforcement astatine the institution for $340 million, accusing them of depriving him of a “significant information of his vocation earnings.”

The 48-year-old retired jock alleges successful the ailment that Showtime “through a analyzable web of hidden accounts, unauthorized transactions, and deliberate concealment of fiscal records,” wrongly paid immoderate of his net to his erstwhile manager, Al Haymon.

The lawsuit, filed Tuesday successful Los Angeles County Superior Court, is aimed astatine the Paramount-owned web and its erstwhile president of Showtime Sports, Stephen Espinoza. The ailment alleges that Mayweather’s inquiries astir his wage were met with conflicting responses from Showtime, including that “critical fiscal records for Mayweather’s biggest fights were ‘lost’ oregon inaccessible.”

Haymon is not named arsenic a suspect successful the lawsuit.

A spokesperson for Paramount wrote successful a connection to The Times that “these baseless claims deficiency ineligible oregon factual merit. We powerfully cull them and volition respond accordingly done the tribunal process.”

A spokesperson for Haymon Boxing declined to remark connected the lawsuit.

Over Mayweather’s 21-year career, the boxer has reportedly earned $1.2 billion. He archetypal met his erstwhile manager, Haymon, successful 2004. The boxer soon entered a verbal statement with Haymon, allowing him to beryllium Mayweather’s manager for a 10% fee. According to the suit, Mayweather considered Haymon to beryllium a “father fig and relied connected him to negociate virtually each aspects of his finances and contracts.” Haymon worked successful this relation for astir 20 years, and implicit time, the suit alleges, helium became the “mastermind of the fiscal scheme,” engaging successful “financial manipulation and self-dealing down Mayweather’s back.”

In 2013, Mayweather exited a semipermanent declaration with HBO to ink a caller exclusive multi-fight woody with Showtime. The ailment states that Haymon’s “scheme” consisted of “diverting portions” of Mayweather’s net “under mendacious pretenses that Haymon past kept oregon controlled,” putting combat revenues into “secret accounts that Mayweather did not cognize astir oregon person entree to,” paying himself ample sums of wealth without Mayweather‘s cognition and allegedly altering documents to screen up these actions.

Mayweather’s caller squad reached retired to Showtime successful 2024 for documentation of combat revenues and expenses. According to the lawsuit, his squad was told the documents were “‘lost successful a flood’ oregon stored off-site and not readily accessible.”

Mayweather besides alleges Showtime inactive owes him $20 cardinal from his 2015 combat against Andre Berto. The payout was primitively meant to travel from the proceeds of the Manny Pacquiao combat that year.

The suit contends that by wiring Mayweather’s net to accounts inaccessible tothe boxer and saying that cardinal documents are missing, some “Showtime and Espinoza enabled Haymon’s strategy and stymied Mayweather’s efforts to uncover the truth.”